AFW Industries has 219 million shares outstanding and expects earnings at the end of this year of $724 million. AFW plans to pay out 65% of its earnings in total, paying 39% as a dividend and using 26% to repurchase shares. If AFW’s earnings are expected to grow by 8.9% per year and these payout rates remain constant, determine AFW’s share price assuming an equity cost of capital of 11.3%.